INITIAL INVESTMENT
BREAKDOWN
FRANCHISE FEE
*$25,000-$35,000
DUE: UPON SIGNING THE FRANCHISE AGREEMENT
LEASE
*$1,500-$4,500
Due: Monthly to lessor.
MATERIALS AND SUPPLIES
$7,000-$15,000
Due: Paid to Third Party approximately 3 weeks before opening.
INITIAL TRAINING: FEE, TRAVEL, LODGING, ETC...
$5,000-$12,500
Due: Paid to iMechanic and Third Party Vendors approximately 4 weeks before your grand opening.
COMPUTER SYSTEM AND POS SYSTEM
$3,000-$5,000
Due: Paid to Third Party approximately 45 days before opening
PROFESSIONAL FEES, STARTUP ASSISTANCE
$1,000-$10,000
Due: Paid to Third Party as required
ADDITIONAL FUNDS -3- MONTH ESTIMATE
$1,000-$15,000
Due: Paid to Third Party as required
LEASEHOLD IMPROVEMENTS/BUILDOUT
$5,000-$30,000
Due: Paid to Third Party on construction.
OPENING INVENTORY
*$10,000-$15,000
Due: Paid to iMechanic and Third Party Vendors approximately 2 weeks before your grand opening.
INITIAL PROMOTIONAL ADVERTISING EXPENSES
$2,500-$3,000
Due: Paid to Third Party approximately 3 weeks before opening
SIGNAGE
$5,000-$12,500
Due: Paid to Third Party on construction
INSURANCE
$750-$2,000
Due: Paid to insurance agent annually and as required.
LICENSE AND PERMITS
$350-$750
Due: Paid to Local and State Agencies as required.
TOTAL: *$67,100 – $157,750
Ongoing Franchising Fees
Royalty Fee – 7% of Gross Sales
Advertising Fee – 1% of Gross Sales
